Morningstar hires new principal of super research
Morningstar has hired William Anglingdarma as principal to lead the research house’s superannuation coverage.
Navigating today’s global challenges to reimagine tomorrow’s markets
Published in Partnership with MFS Investment Management. Simultaneous global challenges such as inequality, environmental degradation, financial instability and fragile supply chains are challenging contemporary capitalism’s ability to cope. MFS Investment Management president Carol Geremia says it is time to consider a new approach to build resilience and ensure long-term sustainability in markets and societies. The … Read more
MLC Life to merge with Resolution Life under new brand
MLC Life and Resolution Life Australasia will come together under a new brand, Acenda, following the acquisition of the latter by Japanese insurer Nippon Life.
Insignia CEO questions insourced admin, slashes 25pc of headcount
Insignia Financial has shifted to outsource administration of its $180 billion superannuation assets, inking a deal with SS&C and reassigning 1300 workers to the service provider during the process. The decision stands in stark contrast to peers such as Aware Super, which recently internalised member services, but CEO Scott Hartley said that option is a “costly exercise”.
Key to the retirement puzzle is adviser and fund collaboration
The needs of members in retirement are highly individualised, and retirement solutions are complex. Matching solutions to members’ needs is a specialised task that most funds are ill-equipped to perform. The Researcher Forum has heard the key to getting it right for members is collaboration between funds and financial advisers.
ART appoints chief risk officer
Australian Retirement Trust has appointed Darryl Burke as its chief risk officer, effective from 17 March 2025.
Navigating biodiversity and nature risk in modern portfolios
While the energy transition and critical minerals are receiving a lot of attention as important megatrends, an Investment Magazine roundtable, hosted in partnership with New Forests, has heard that natural capital is an equally crucial piece of the nature puzzle but is “underrepresented, underinvested and generally misunderstood”.
Former NAB trustees settle class action for $64 million
Former NAB trustees (NULIS Nominees and MLC Nominees) have reached an agreement with the plaintiffs of the MySuper class action commenced by Maurice Blackburn to settle for a total of $64.25 million.
Funds SA nabs Hostplus deputy CIO
Funds SA, the investment corporation owned by the Government of South Australia, has appointed current Hostplus executive Con Michalakis as its new chief investment officer.
Deloitte Cbus report blows lid on director self-assessment
In an under-reported finding from the explosive report into Cbus governance, the consulting firm Deloitte has laid bare the shortcomings of a process that allows directors to self-assess skill sets when appointed to the board and when their tenure is renewed. Legal experts said self-assessment itself is not a sin, but complacency at a board level could be.
Trustees on notice: Get your own houses in order
Deloitte’s independent review into United Super as the trustee for Cbus has revealed a fund riddled with poor governance practices and questionable board appointment processes, but the real worry is that Cbus may not be an isolated example.
Plight of renters must factor in retirement income policy discourse
Rising superannuation balances and property values have helped Australia become one of the wealthiest nations on the planet. But the reality for certain groups within the economy, especially those who rent in the private residential real estate market, is very different. Superannuation funds can play an important role in understanding and supporting members in these more vulnerable cohorts.
